- The Korea-MERCOSUR, the largest economic bloc in South
America, trade agreement negotiation is about to begin.

The Korea
International Trade Association (Chairman, Kim Young-joo) will host the
'MERCOSUR Market Expansion Forum' as the Korea-MERCOSUR (South American trade
bloc) trade agreement negotiation is about to begin.

MERCOSUR is
the largest economic bloc in Latin America with four countries: Argentina,
Brazil, Paraguay and Uruguay. It accounts for 70 percent of the Latin American
population (260 million in 2017) and takes up 76 percent of GDP ($ 2.7 trillion
in 2017). It is a promising market with high growth potential.

The forum
will be held at the Trade Tower in Samseong-dong, Seoul on February 7,
Wednesday. The forum will share the effects of the trade agreement and
negotiation issues. In addition, the officials from Argentina, Brazil, Paraguay
and Uruguay Embassies will introduce promising export and import sectors and
support systems. Local marketing, logistics and legal experts will also make
presentations on practical know-how for the companies entering the market.

An official
at the Korea International Trade Association stated, "The forum will
provide useful information for Korean companies who want to enter into the
Latin American market as it will also cover the political issues in each
country, including the presidential elections in Brazil and Paraguay, and their
future influences along with the trade agreements, economic and investment
conditions.”